2022
Flag  
GDP
$406BCURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP GROWTH
29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
GDP PC 
$11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH
12.9%CURRENT US$
Rnk 104 / 186

About

Malaysia-Turkmenistan Trade: In 2022, Malaysia exported $8.21M to Turkmenistan. The main products that Malaysia exported to Turkmenistan were Coffee and Tea Extracts ($5.68M), Palm Oil ($715k), and Other Vegetable Oils ($669k). Over the past 5 years the exports of Malaysia to Turkmenistan have decreased at an annualized rate of 9.78%, from $13.7M in 2017 to $8.21M in 2022.

In 2022, Malaysia did not export any services to Turkmenistan.

Turkmenistan-Malaysia Trade: In 2022, Turkmenistan exported $110k to Malaysia. The main products that Turkmenistan exported to Malaysia were Oscilloscopes ($72.6k), Carbon ($21.5k), and Non-Knit Men's Suits ($2.76k). Over the past 5 years the exports of Turkmenistan to Malaysia have decreased at an annualized rate of 47.2%,  from $2.69M in 2017 to $110k in 2022.

In 2022, Turkmenistan did not export any services to Malaysia.

Comparison: In 2022,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B). That same year, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $8.21M to Turkmenistan. The main products exported from Malaysia to Turkmenistan were Coffee and Tea Extracts ($5.68M), Palm Oil ($715k), and Other Vegetable Oils ($669k). During the last 5 years the exports of Malaysia to Turkmenistan have decreased at an annualized rate of 9.78%, from $13.7M in 2017 to $8.21M in 2022.

In 2017, Turkmenistan exported $110k to Malaysia. The main products exported from Turkmenistan to Malaysia were Oscilloscopes ($72.6k), Carbon ($21.5k), and Non-Knit Men's Suits ($2.76k). During the last 5 years the exports of Turkmenistan to Malaysia have decreased at an annualized rate of 47.2%, from $2.69M in 2022 to $110k in 2017.

Exports from Malaysia (Flag) to Turkmenistan (Flag) (2022)

Exports from Turkmenistan (Flag) to Malaysia (Flag) (2022)

Market Competitiveness

Color
Malaysia
Top Destination
Singapore$53.8B
Turkmenistan
Top Destination
China$8.88B

This map shows whether countries import more from Malaysia or Turkmenistan. Each country is colored based on the difference in imports they receive from Malaysia and Turkmenistan or the difference in the growth in imports.

In 2022, countries that imported more from Malaysia than Turkmenistan included Singapore ($53.8B), United States ($44.2B), and China ($48.5B).

In 2022, countries that imported more from Turkmenistan than Malaysia included Uzbekistan ($664M), Azerbaijan ($460M), and Georgia ($168M).

Difference in imports from Turkmenistan (Flag) and Malaysia (Flag) (2022)

Comparative Advantage Malaysia - Turkmenistan

Flow
Scale

This chart compares trade between Malaysia and Turkmenistan by product, considering products traded by both, Malaysia and Turkmenistan.

During 2022, Malaysia had a large net trade with Turkmenistan in the exports of Foodstuffs ($5.89M), Animal and Vegetable Bi-Products ($1.82M), and Chemical Products ($334k).

During 2017, Turkmenistan had a large net trade with Malaysia in the exports of Instruments ($74.3k), Chemical Products ($23.2k), and Machines ($8.35k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Malaysia and Turkmenistan. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Turkmenistan. Similarly, a dot/product with the flag of Turkmenistan indicates it has a comparative advantage over Malaysia.

Product Space of Malaysia (Flag) and Turkmenistan (Flag) (2022)

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